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Retail/ Residential Investment For Sale, 51 High Street, Thornton Heath, CR7 8RW

1,347 Sq Ft / Retail / Retail - High Street

Withdrawn - Last updated: 16 October 2020

Retail (Ground Floor and Basement)
The premises are situated in a busy location on Thornton Heath High Street with a range of both independent and multiple retailers including Costa Coffee and Subway.
The shop, trading as a bakery, has a ground floor sales area with rear ancillary storage/office areas and a basement.

Residential upper parts of the premises comprise two self-contained flats which have recently been refurbished.
51A - 1 Bedroom Flat
51B - 2 Bedroom Flat
( Agency Pilot Software Ref: 14311 )

Location

Thornton Heath is an improving South London suburb situated approximately seven miles south of Central London and two miles north of Croydon Town Centre (with a
major Westfield / Hammerson Retail Development plan). Thornton Heath mainline Railway Station is a short distance with frequent services to Central London Victoria and the South Coast.

Accommodation

Retail Area 337sq ft ( 31.3 sq m )
Prep Area 320 sq ft ( 29.7 sq m)
Rear Storage 123 sq ft (11.4 sq m)
Rear Office / Storage Area 243 sq ft (22.6 sq m)
Lean-to 109 sq ft (10.1 sq m)
Basement 215 sq ft (20.0 sq m)
TOTAL 1,347 sq ft ( 125.1 sq m)

Terms

TENANCIES
The entire premises are let to Tanya Watson-Lloyd and Dawnette Watson (trading as T & D Watson Limited) on a Full Repairing and Insuring Lease for a term of 11 years from 26th February 2014. The passing rent is £XXX per annum exclusive with an upward only rent review at the fifth anniversary of the term. The shop has traded as Cornfield Bakers since 1986 and was taken over by T & D Watson Limited in 2008 from the current freeholder. The shop name Cornfield Bakers has remained the same since 1986.

TENURE
Freehold.

PROPOSAL
Offers are invited in excess of £XXX

VAT
VAT will not be charged.

EPCS
Shop - B 49
Flat A - C 77
Flat B - D 68

Specification

INVESTMENT SUMMARY
• Retail / Residential Investment
• Freehold
• Shop and 2 self-contained flats let for 11 years from 2014
• Rental income of £XXX per annum exclusive
• Offers in excess of 800,000
• Net initial yield of 7.82%
• No VAT


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